CapLease Agrees to Acquire Class A Office Property

  CapLease Agrees to Acquire Class A Office Property

Business Wire

NEW YORK -- April 16, 2013

CapLease, Inc. (NYSE: LSE)  announced today that it has entered into a binding
contract to acquire a Class A office building in a major market in the
Northeastern United States for a purchase price of approximately $50 million.
The property is leased to an investment grade tenant for an approximately 9.5
year remaining lease term, and the Company’s average capitalization rate for
the property will be over 8%.

The acquisition is scheduled to close during the second quarter of 2013,
although closing is subject to customary closing conditions and, therefore, no
assurance can be given that CapLease will complete such transaction on the
agreed upon terms or at all.

About the Company:

CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns
and manages a diversified portfolio of single tenant commercial real estate
properties subject to long-term leases to high credit quality tenants.

Contact:

Investor Relations/Media Contact:
ICR, LLC
Brad Cohen, 212-217-6393
bcohen@icrinc.com
 
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